Code of Alabama
Chapter 3A - Alabama Principal and Income Act.
Article 4 - Allocation of Receipts During Administration.

Section 19-3A-401 - Character of Receipts. - (a) For purposes of this section, "entity" means a corporation,...

Section 19-3A-402 - Distributions From Trust or Decedent's Estate. - A fiduciary shall allocate to income an amount received as...

Section 19-3A-403 - Business and Other Activities Conducted by Fiduciary. - (a) If a fiduciary who conducts a business or other...

Section 19-3A-404 - Principal Receipts. - A fiduciary shall allocate to principal: (1) To the extent...

Section 19-3A-405 - Rental Property. - To the extent the fiduciary does not account for receipts...

Section 19-3A-406 - Bonds and Other Obligations. - (a) An amount received as interest, whether determined at a...

Section 19-3A-407 - Insurance Policies and Similar Contracts. - (a) Except as otherwise provided in subsection (b), a fiduciary...

Section 19-3A-408 - Insubstantial Allocations Not Required. - (a) If a fiduciary determines that an allocation between principal...

Section 19-3A-409 - Deferred Compensation, Annuities, and Similar Payments. - (a) In this section: (1) "Payment" means a payment that...

Section 19-3A-410 - Liquidating Assets. - (a) In this section, "liquidating asset" means an asset whose...

Section 19-3A-411 - Minerals, Water, and Other Natural Resources. - (a) To the extent that a fiduciary accounts for receipts...

Section 19-3A-412 - Timber. - (a) To the extent that a fiduciary accounts for receipts...

Section 19-3A-413 - Property Not Productive of Income. - (a) If a marital deduction is allowed for all or...

Section 19-3A-415 - Asset-Backed Securities. - (a) In this section, "asset-backed security" means an asset whose...

Section 19-3A-414 - Derivative Instruments and Options. - (a) In this section, "derivative instrument" means a contract, a...